Dogecoin is now officially listed on FTX Japan, which makes it the first local exchange to offer perpetual DOGE trading.
The information was made available on both FTX Japan’s website and on the company’s official Twitter account. According to the release, the exchange intends to conduct DOGE transactions at its exchanges and sales offices.
Starting at 11:00 a.m. JST on July 5, DOGE will be available for perpetual trading. Furthermore, the exchange claims to be the only domestic exchange offering Dogecoin perpetual transactions.
Dogecoin is enjoying soaring adoption
The project Dogecoin (DOGE), which started as a joke, has gained pace because Elon Musk, the CEO of Tesla, decided to support it. He recently revealed how he began backing the biggest dog-themed token available and added that he will continue to support the initiative despite a class action complaint being brought against him.
Individual investors have expressed interest in cryptocurrency over time, and several organizations and businesses have started using it as a form of payment. The dog-themed token has maintained a strong trend thanks to these and other events, including the decision to list on FTX Japan.
Intriguingly, according to WhaleStats, Dogecoin is now one of the top 10 tokens bought in the last day by the 100 largest Binance Smart Chain (BSC) whales. Yesterday DOGE came on the list of the top 1,000 BSC whales.
Dogecoin is now down 1.7 percent over the past 24 hours, trading at $0.067706. In the previous seven days, the meme coin’s value has increased by 2.6%. In terms of the coin’s overall performance, DOGE has fallen 90% from its all-time high of $0.7376.